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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act, 1961 for Venture Capital Fund — No Failure to Disclose Material Facts. Reopening Based on Mere Change of Opinion on Applicability of Section 10(23FB) Exemption is Invalid.

The petitioner, DHFL Venture Capital Fund, is a trust registered as a venture capital fund under SEBI (Venture Capital Fund) Regulations, 1996. It fil...

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Bombay High Court Upholds Constitutional Validity of Time Limit for Availing Input Tax Credit Under Section 16(4) of CGST Act. The court held that the time limit is mandatory and not directory, and retrospective amendments are valid.

The Bombay High Court, in a batch of writ petitions, addressed the constitutional validity and interpretation of Section 16(4) of the Central Goods an...

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Supreme Court Allows Appeal in Motor Accident Claim Case Due to Incorrect Application of Multiplier and Omission of Future Prospects. Deceased was a 25-year-old police constable; Court restored compensation with multiplier of 18, 50% future prospects, and 9% interest.

The present appeal arises from a motor accident claim. On 23.07.2012, Sachin Kumar, a 25-year-old police constable, died in a collision caused by a ra...

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High Court of Karnataka Upholds KERC Regulations on Renewable Purchase Obligation for Captive Users. Regulations Requiring Captive Power Producers to Purchase Renewable Energy or Certificates Are Within Jurisdiction Under Electricity Act, 2003.

The petitioners, The South Indian Sugar Mills Association and Davangere Sugar Company Pvt. Ltd. (in W.P.Nos.7603-04/2012) and Shree Renuka Sugar Mills...

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Bombay High Court Upholds Labour Court's Finding of Violation of Sections 25F and 25G, Industrial Disputes Act, 1947, But Questions Reinstatement Relief. The Court Examines Whether Reinstatement with Back Wages Is Mandatory for a Daily-Wager Illegally Retrenched from a Temporary Afforestation Scheme.

The writ petition arose from a challenge by the employer, the Social Forestry Department of the Government of Maharashtra, against the concurrent orde...

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Supreme Court Hears Appeals Against High Court Quashing of Tax Assessment in Inter-State Gas Sale Dispute. State Imposed Tax on Sale of Natural Gas Extracted Under Production Sharing Contract, High Court Quashed Assessment and Directed Refund.

The Supreme Court of India heard a group of civil appeals filed by the State of Uttar Pradesh against the judgment of the Allahabad High Court, Luckno...